Jorge, they'd have to be. Otherwise, assuming the price of the share goes
low enough, you could buy a share of the company, melt the gold plate, and
sell it for a profit. If the gold is part of the capital of the company,
the cheapest a share can be is the price of the gold on which the stock
certificate is printed.
This is why I think the importance of padding with colored coins is
overblown.
On Mon, Apr 7, 2014 at 1:12 PM, Jorge Timón <jti...@monetize.io> wrote:
> On 4/7/14, Flavien Charlon <flavien.char...@coinprism.com> wrote:
> > Also those 54 BTC (actually 5.4 BTC if the dust is now 540 satoshis)
> become
> > part of the capital of the company, and can always be recovered by
> > uncoloring the shares. It's an investment, not an expense, so I think it
> is
> > acceptable.
>
> This doesn't make much sense to me.
> If you print shares on gold plates instead of paper, is that gold
> "part of the capital of the company"? I don't think so.
>
------------------------------------------------------------------------------
Put Bad Developers to Shame
Dominate Development with Jenkins Continuous Integration
Continuously Automate Build, Test & Deployment
Start a new project now. Try Jenkins in the cloud.
http://p.sf.net/sfu/13600_Cloudbees_APR
_______________________________________________
Bitcoin-development mailing list
Bitcoin-development@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-development
